Key Points: Binance executive sues Nigeria’s NSA and EFCC over human rights violations. The Nigerian government charges Binance with tax evasion amidst currency impact concerns. Legal proceedings are adjourned as executives seek release; the digital asset community demands freedom. Detained Binance executive Tigran Gambaryan has taken legal action against Nigeria’s National Security Adviser (NSA) and…
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The committee’s Chair, Ginger Onwusibe, warned that if Binance ignores the summons, the committee will exercise its constitutional authority and take necessary actions. The Nigerian House of Representatives Committee on Financial Crimes has called Binance CEO Richard Teng to appear before the committee over suspicions of terrorism financing and money laundering. According to a local…
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Key Points: The country blocks access to Nigerian crypto exchanges amid naira’s record lows. Telecommunications providers enforce restrictions on platforms like Binance, Coinbase, and Kraken. The government seeks to control the naira valuation, reflecting the global regulatory trend post-2022 crypto crash. Nigeria has implemented stringent measures in an attempt to stabilize its plummeting national currency,…
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Local reports state that Bureau De Change operators announced the shutdown of operations in Abuja due to the unavailability of U.S. dollars. The Nigerian cryptocurrency peer-to-peer (P2P) market is not accountable for the shutdown of the Bureau De Change (BDC) in the country’s capital, Abuja, according to Nigerian Web3 legal representative and analyst Kue Barinor…
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